The broad-based selling came as minutes released by the US central bank of its December meeting indicated it may have to raise interest rates sooner than expected...
High inflation, now running at more than twice the Fed’s flexible target of 2 per cent annually, is only expected to ease in the second half of 2022...
Despite the accelerated tapering calendar, Goldman expects the Fed to start raising interest rates only from June for a total of three times in 2022...